Rent and mortgage spending grew 8.2% year-on-year in November, as more homeowners rolled off fixed rate mortgages onto higher interest rates.

The lender has launched new two-year and multi-loan products.

24% of first-time buyers worry that mortgage rates won’t drop quickly enough for them to afford a loan.

The lender says it has focused its cuts on high-LTV rates to support first-time buyers. 

5% of all mortgages will see payments increase by more than £500 per month.

The lender cut both its two and three-year fixed rates by up to 0.28% earlier this month.

Mortgage approvals are now at their highest level since the mini-budget in 2022.

The buy-to-let lender is lowering rates across both products by 0.10%.

Sebastian Murphy, group director at mortgage and protection network JLM Mortgage Services, says those who want to see their sector improve in terms of activity and engagement should be...

Rates have reduced by up to 0.14%.